Estimated delivery 3-12 business days
Format Hardcover
Condition Brand New
Description Investment and all other economic actions depend on 'subjective' expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Koppl gives us such a theory. He address many vital problems in economic theory, and connects with many other schools of economics.
Investment and all other economic actions depend on "subjective" expectations. The problem is how to construct a theory of expectations that assumes people interpret their situations in unpredictable ways. Building on the evolutionary economics of F.A. Hayek, Koppl gives us such a theory. This includes a theory of "Big Players", demonstrating that discretionary policy interventions create ignorance and uncertainty. The volume uses innovative methods to address many vital problems in economic theory, and connects with many other schools of economics including new institutional economics, constitutional economics and post-Walsarian economics.
ROGER KOPPL is Professor of Economics and Finance at Fairleigh Dickinson University, Madison, USA.
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